Jim Rogers: only Ron Paul understands

Whos best for the economy?  Romney, Santorum, or Obama?

Of those three? None of the above.  Those guys don’t have a clue what is going on.

If I was a betting man, I would bet that Obama would win.  He is a sitting President, its hard to defeat a sitting President anywhere in the world.  He is spending lots of money, and printing lots of money, to make sure that things look good this year.  So I would suspect he is going to win.  I didn’t say that is good for America, I just said I suspect that is what’s going to happen.

Which candidate will be better for America in your view?

The only one who understands what is going on, the one’s that are running, Ron Paul certainly understands.  None of the other do.  None of the others have a clue.  They’re all part of the problem.  They made the problem. Why would we think that those guys who made the problem can now solve the problem?

Recovery?

If you look at the employment numbers, you say “who are they trying to fool?”  They are jiggling the unemployment numbers.  They keep telling us how good things are, but if you look at things that they cannot jiggle, such as the amount of electricity being used in America, it is going down.  A population that is growing, and a recovery we are told, and yet electricity is going down.  There is something wrong with all these numbers.

The Dollar?

I own US Dollars, I certainly do.  I am not selling my US Dollars.

Treasuries?

I am not short treasuries, I should have been long all this time.  I am waiting to short.

We are have QE3.  Get out the Federal Reserves balance sheet.  You can see unadjusted M2 is going through the roof. All sorts of assets are appearing on their balance sheet. Where did they come from?  They didn’t come from the tooth fairy.  They came because they’re in there buying in the market as fast as they can.  There is QE3 already.  They don’t call it that.  But it’s there.  That’s not good for the dollar down the road for now, but for the moment there are plenty of reasons to own the dollar.

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